The Education (Grant-maintained and Grant-maintained Special Schools) (Finance) Regulations 1995

5.—(1) For the purposes of this paragraph—

(a) the amount referred to in respect of each school as “the 1994-95 CFF floor” is the amount determined in respect of each school under regulation 31(5) or (6) (as the case may be);

(b) the amount referred to in respect of each school as “the pure 1994-95 CFF share” is the amount calculated in respect of each school under regulation 25(2) or 25(3)(ii) of the 1994 Regulations (as the case may be);

(c) the amount referred to in respect of each school as “the deviation from the CFF floor” is the amount which equals the 1994-95 CFF floor less the pure 1994-95 CFF share. (Where a school’s pure 1994-95 CFF share is less than its 1994-95 CFF floor this figure will be positive, and where the pure 1994-95 CFF share is greater than the 1994-95 CFF floor this figure will be negative.)

(2) The funding authority shall—

(a) in the case where the amount determined under paragraph 4(c) is greater than the deviation from the CFF floor and the deviation from the CFF floor is greater than zero reduce the amount determined under paragraph 4(c) by a sum equal to the deviation from the CFF floor;

(b) in the case where the amount determined under paragraph 4(c) is either—

(i) greater than zero and less than the deviation from the CFF floor, or

(ii) less than zero and the deviation from the CFF floor is greater than zero, reduce the amount determined under paragraph 4(c) to zero;

(c) in the case where the amount determined in paragraph 4(c) is less than the deviation from the CFF floor and the deviation from the CFF floor is less than zero, redetermine the amount determined under paragraph 4(c) to be equal to the deviation from the CFF floor.